| The concept of limited liability partnership found its root in the American Partnership Act in the 1990s and was recognized as a new form of business association by British legal system.This thesis first elaborate on the forming process of limited liability partnership; taking that as a basis, I employ the methodology of contrastive case studies in analyzing the nature of limited liability partnership as a form of organization and then explore the feasibility and necessity of establishing the system of limited liability partnership in China.In addition to Introduction and Conclusion, the body of this thesis consists of four chapters.The first chapter analyzes the status quo of organizational forms of accounting firms and law firms in China by first introducing the emergence, concept and implications of limited liability partnership and thus touches off the debate as to whether limited liability partnership be introduced into China.The second chapter elaborates on the causes of the emergence of limited liability partnership and the related laws overseas with a view to foregrounding its advantages for professionals and related institutions.The third chapter briefly introduces the structural framework of limited liability partnership and lays special emphasis on analyzing the issue of balancing value orientation and liability risk control, that of selecting legislative system and legal status, and that of legal liability involved as well as that of creditor interest safeguard mechanism.The fourth chapter analyzes the mature socio-economic and legislative situations in China necessary for enacting limited liability partnership and further investigates the feasibility of establishing limited liability partnership in China. |
